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Regulatory press releases 2016

  • Interim report, January - September 2016

    Published on 25 October 2016

    Period July 1 – September 30, 2016*

    • Net sales SEK 83.2 m (SEK 83.5 m)
    • System revenue SEK 56.2 m (SEK 56.3 m)
    • Recurring revenue in percentage of net sales 54% (50%)
    • EBITDA SEK 19.9 m (SEK 17.6 m)
    • EBITDA margin 23.9 % (21.1 %)
    • EBIT SEK 6.2 m (SEK 2.6 m)
    • Net profit SEK 5.6 m (SEK 1.8 m)
    • EPS before dilution SEK 0.10 (SEK 0.04)
    • Cash flow from operating activities SEK 8.6 m (SEK 11.8 m)

    Period January 1 – September 30, 2016*

    • Net sales SEK 272.0 m (SEK 256.1 m)
    • System revenue SEK 175.7 m (SEK 172.3 m)
    • Recurring revenue in percentage of net sales 49% (49%)
    • EBITDA SEK 57.8 m (SEK 52.0 m)
    • EBITDA margin 21.2 % (20.3 %)
    • EBIT SEK 13.8 m (SEK 11.5 m)
    • Net profit SEK 11.3 m (SEK 10.3 m)
    • EPS before dilution SEK 0.21 (SEK 0.20)
    • Cash flow from operating activities SEK 23.2 m (SEK 34.1 m)

    * Comparison figures in this report has been adjusted to reflect the remaining operations after the sale of the business area Customer Specific Solutions in Denmark during the fourth quarter. For additional information, see specification in the groups consolidated income statement summary and the note 8 quarters in summary.

    For additional information, contact:
    Christian Sundin, President and CEO of Formpipe, +46 705 67 73 85

    For the full report, see attached PDF.


     

    This is a translation of the original Swedish version. In the event of any discrepancies between the two versions, the original Swedish version shall take precedence.

    The information in this press release is of the kind that Formpipe Software AB (publ) is required to disclose in accordance with the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. This information was submitted for publication on Tuesday, October 25, 2016.

    Read more
  • Nordea-Fonden and Formpipe Software signs contract worth SEK 4.3 million

    Published on 31 August 2016

    Formpipe, a leading provider of ECM software, today announces that it has signed a contract with Nordea-Fonden, a foundation supporting good living initiatives in Denmark, for the grants management product TAS. The total order value amounts to SEK 4.3 million for a duration of four years.

    Nordea-Fonden has chosen TAS by Formpipe as their new grant management solution to gain transparency, simplicity and effective case management. The foundation was looking for a standard solution capable of handling the full administrative circle of grant management. TAS was chosen because of its effectiveness and flexibility to support future needs and because of the system’s ability to fulfil Nordea-Fonden’s requirements for a user-friendly self-service solution.

    “This is the first contract outside the public sector, and it is very interesting that our standard product for grants management also fits the needs within parts of the private sector. Looking forward, this means that there is a wider potential for the product“, says Christian Sundin, President and CEO of Formpipe.

    Nordea-Fonden is among the largest privates foundations in Denmark. Since 1989, it has allocated funds from returns and capital to support non-profit, public and charitable purposes. In 2016, Nordea-Fonden expects to donate DKK 560 mill. The foundation focus on health & nutrition, exercise, culture and nature.

    Of the total order value, license revenues of SEK 0.8 million are recorded in third quarter of 2016, while associated revenue will be allocated throughout the contract period.

    For additional information, contact:
    Christian Sundin, President and CEO of Formpipe, +46 705 67 73 85


    This is a translation of the original Swedish version. In the event of any discrepancies between the two versions, the original Swedish version shall take precedence.

    The information in this press release is of the kind that Formpipe Software AB (publ) is required to disclose in accordance with the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. This information was submitted for publication on Wednesday, August 31, 2016.

    Read more
  • Interim report, January - June 2016

    Published on 12 July 2016

    Period April 1 – June 30, 2016*

    • Net sales SEK 101.5 m (SEK 88.3 m)
    • System revenue SEK 61.3 m (SEK 58.9 m)
    • Recurring revenue in percentage of net sales 43% (46%)
    • EBITDA SEK 21.5 m (SEK 15.8 m)
    • EBITDA margin 21.2 % (17.9 %)
    • EBIT SEK 4.8 m (SEK 3.0 m)
    • Net profit SEK 4.3 m (SEK 6.3 m)
    • EPS before dilution SEK 0.08 (SEK 0.06)
    • Cash flow from operating activities SEK 2.5 m (SEK 8.0 m)


    Period January 1 – June 30, 2016*

    • Net sales SEK 188.8 m (SEK 172.7 m)
    • System revenue SEK 119.5 m (SEK 116.1 m)
    • Recurring revenue in percentage of net sales 47% (48%)
    • EBITDA SEK 37.9 m (SEK 34.4 m)
    • EBITDA margin 20.1 % (19.9 %)
    • EBIT SEK 7.6 m (SEK 8.9 m)
    • Net profit SEK 5.7 m (SEK 8.5 m)
    • EPS before dilution SEK 0.10 (SEK 0.16)
    • Cash flow from operating activities SEK 14.7 m (SEK 22.4 m)

    * Comparison figures in this report has been adjusted to reflect the remaining operations after the sale of the business area Customer Specific Solutions in Denmark during the fourth quarter. For additional information, see specification in the groups consolidated income statement summary and the note 8 quarters in summary.

    For additional information, contact:
    Christian Sundin, President and CEO of Formpipe, +46 705 67 73 85

    For the full report, see attached PDF.


    This is a translation of the original Swedish version. In the event of any discrepancies between the two versions, the original Swedish version shall take precedence.

    The information in this press release is of the kind that Formpipe Software AB (publ) is required to disclose in accordance with the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. This information was submitted for publication on Tuesday, July 12, 2016.

    Read more
  • Formpipe receives order from a UK based utilites company worth SEK 1.4 million

    Published on 04 July 2016

    Formpipe receives another cloud-based Lasernet order through their partner Ferranti, for a UK based utilities company. The initial order value is estimated to SEK 1.4 million over a four-year period.

    “We are continuously strengthening our presence in Europe and the knowledge of our offerings around our output management solutions Lasernet is spreading specifically within the Microsoft Dynamics AX area. As a part of this work we are very happy to announce that we have succeed in building a strong cloud-based offering together with Ferranti, with Lasernet included as a standard module in Ferrantis business support system for energy and utility companies”, says Christian Sundin, CEO of Formpipe.

    The Lasernet solution for AX utilises the strength of both Microsoft Dynamics AX and Lasernet to deliver solutions for report design, archive and distribution.

    For additional information, contact:
    Christian Sundin, President and CEO of Formpipe, +46 705 67 73 85


    This is a translation of the original Swedish version. In the event of any discrepancies between the two versions, the original Swedish version shall take precedence.

    The information in this press release is of the kind that Formpipe Software AB (publ) is required to disclose in accordance with the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. This information was submitted for publication on Monday, July 4, 2016.

    Read more
  • Increased number of shares in Formpipe

    Published on 01 July 2016

    Following the exercise of the warrant program 2013/2016 new shares have been issued and the number of shares and votes in the Company has increased by 1,130,206 and the share capital has increased by SEK 113,020.60.

    Following this increase, the number of outstanding shares and votes in the company amounts to 51,273,608 and the share capital amounts to SEK 5,127,360.80.

    For additional information, contact: Christian Sundin, President and CEO of Formpipe, +46 705 67 73 85

    _______________________________________________

    This is a translation of the original Swedish version. In the event of any discrepancies between the two versions, the original Swedish version shall take precedence.

    The information in this press release is of the kind that Formpipe Software AB (publ) is required to disclose in accordance with the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. This information was submitted for publication on Friday, July 4, 2016.

    Read more
  • Formpipe receives Life Science order worth SEK 3.6 million

    Published on 31 May 2016

    Formpipe receives an order from Bluefish Pharmaceuticals regarding a cloud-based Enterprise Compliant Platform, for managing their Quality Management processes. The total order value amounts to SEK 3.6 million over five years.

    “We are very happy to announce another new customer in the Life Science sector on the X-docs platform. We can see a gradual increase in the demand for cloud services. This is positive for us as supplier, the revenues usually are 100 percent recurring and since we can offer multiple delivery models we can fully match the needs of companies of varying size and geographic spread”, says Christian Sundin, CEO of Formpipe.

    The product suite (X-docs™, X-train™ and X-forms™) utilises much of the basic functionality offered by SharePoint particularly around the basic data model, versioning, access control and management of the audit trail. On top of this functionality there is a set of configurable features to provide a comprehensive platform to enable Life Science companies to easily meet the compliance standards required by the regulatory agencies in the sector.

    For additional information, contact:
    Christian Sundin, President and CEO of Formpipe, +46 705 67 73 85


    ABOUT BLUEFISH PHARMACEUTICALS
    Bluefish has undergone significant international expansion since the company was founded in 2005. Bluefish focuses on the development, manufacture and sale of generic pharmaceuticals. The company conducts marketing operations in a large number of European markets and is expanding into territories outside Europe. The product portfolio consists of a total of approximately 80 products and is growing.
    www.bluefishpharma.com

    ABOUT FORMPIPE
    Formpipe develops ECM products and solutions for structuring information and supplies them to major companies, authorities and organisations. ECM products help organisations to capture, manage and distribute information, and to place it in context. The company’s software helps improve efficiency, cut costs and reduce risk exposure. Formpipe was founded in 2004 and has offices in Sweden, Denmark, United Kingdom, The Netherlands and USA. The Formpipe share is listed on NASDAQ Stockholm.
    www.formpipe.com


    This is a translation of the original Swedish version. In the event of any discrepancies between the two versions, the original Swedish version shall take precedence.

    The information in this press release is of the kind that Formpipe Software AB (publ) is required to disclose in accordance with the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. This information was submitted for publication on Tuesday, May 31, 2016.

    Read more
  • Formpipe receives order for Long-Term Archive worth SEK 1.4 million

    Published on 16 May 2016

    Formpipe receives an order for Long-Term Archive from two Swedish Municipalities. The total order value amounts to SEK 1.4 million.

    “The market for long-term archiving has taken off and we have clearly positioned ourselves as a market leader by winning the highest number of contracts, with very strong evaluation results”, says Christian Sundin, CEO of Formpipe.

    For additional information, contact:
    Christian Sundin, President and CEO of Formpipe, +46 705 67 73 85


    This is a translation of the original Swedish version. In the event of any discrepancies between the two versions, the original Swedish version shall take precedence.

    The information in this press release is of the kind that Formpipe Software AB (publ) is required to disclose in accordance with the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. This information was submitted for publication on Monday, May 16, 2016.

    Read more
  • Formpipe receives UK Lasernet order worth SEK 2.1 million

    Published on 11 May 2016

    Formpipe receives an order on the ECM product Lasernet through a UK based partner. The total order value amounts to SEK 2.1 million over a four year period.

    “Our input/output management product, Lasernet, continues to win deals with an increasingly higher business value and we are strengthening our presence in Europe. As a part of this work, we are happy to announce that this license deal was closed from our UK office. We established our Lasernet office in UK during 2015 and we see a number of business opportunities within this area going forward”, says Christian Sundin, CEO of Formpipe.

    Of the total order value, license revenues of SEK 1.3 million are recorded in second quarter of 2016, while associated revenue will be allocated throughout the contract period.

    Lasernet helps customers around the globe to convert and communicate business documents in all formats.

    For additional information, Contact:
    Christian Sundin, President and CEO of Formpipe, +46 705 67 73 85


    This is a translation of the original Swedish version. In the event of any discrepancies between the two versions, the original Swedish version shall take precedence.

    The information in this press release is of the kind that Formpipe Software AB (publ) is required to disclose in accordance with the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. This information was submitted for publication on Wednesday, May 11, 2016.

    Read more
  • Formpipe receives order from a Danish authority worth SEK 1.8 million

    Published on 29 April 2016

    Formpipe receives a supplementary order on the Grants management product TAS from a Danish authority. The total order value amounts to SEK 1.8 million.

    “Formpipe’s products are highly competitive and our customers are increasing their investments in our ECM products. Through experience and knowledge due to a long-term relation with the public sector, we continue to generate steady income to the company”, says Christian Sundin, CEO of Formpipe.

    Of the total order value, license revenues of SEK 0.7 million, are recorded in second quarter of 2016, while associated revenue will be allocated throughout the contract period.

    For additional information, contact: Christian Sundin, President and CEO of Formpipe, +46 705 67 73 85


    This is a translation of the original Swedish version. In the event of any discrepancies between the two versions, the original Swedish version shall take precedence.

    The information in this press release is of the kind that Formpipe Software AB (publ) is required to disclose in accordance with the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. This information was submitted for publication on Monday, April 4, 2016.

    Read more
  • Bulletin from the Annual General Meeting of Formpipe

    Published on 21 April 2016

    Allocation of retained earnings and discharge from liability
    The Annual General Meeting (AGM) approved the Board of Directors’ proposal that SEK 0.10 per share shall be paid in dividend to the shareholders for the financial year 2015, and that the record date for the dividend shall be 25 April 2016. The dividend is expected to be distributed by Euroclear Sweden AB on 28 April 2016. The members of the Board of Directors and the Managing Director were discharged from liability for the financial year 2015.

    Election of directors, chairman, auditor, fees, and principles of appointment of the Nomination Committee

     The AGM approved the following:

    That the Board shall consist of five members and no deputy members.

    That the remuneration is set to SEK 250,000 for the Chairman and SEK 150,000 each for the other the members of the Board that are elected by the General Meeting (i.e. a total remuneration to the Board of SEK 850,000).

    That fees for the auditor are paid in accordance to invoice.

    The re-election of Charlotte Hansson, Kristina Lindgren and Bo Nordlander as board members and to elect Martin Henricson and Peter Lindström as new board members. Bo Nordlander was re-elected as the Chairman of the board.

    The re-election of the auditing firm PricewaterhouseCoopers AB as the auditors of the company until the end of the AGM held in 2017. PricewaterhouseCoopers AB intends to appoint the authorised auditor Aleksander Lyckow as the principal auditor.

    Principles for appointment of the Nomination Committee
    The AGM resolved, as proposed by the Nomination Committee, that the Nomination Committee shall consist of four members. The chairman of the Board shall contact the three largest shareholders or shareholder groups (this refers to shareholders whose shares are registered directly or in the name of a nominee) in accordance with Euroclear Sweden AB's share register as at the last trading day in June of the current year and other reliable information the company has received as of this date. These shareholders each appoint a representative which, together with the chairman of the Board shall be the Nomination Committee for the period until a new Nomination Committee is appointed by mandate from the next AGM. The names of the three representatives and the names of the shareholders they represent shall be announced no later than six months before the AGM 2017.

    In the event that any of the three largest shareholders or shareholder groups does not wish to appoint such a representative, the fourth largest shareholder or group of owners should be asked to appoint a representative and so on until the Nomination Committee has four members. The majority of the members of the Nomination Committee shall be independent of the company and its management. At least one of the members of the Nomination Committee shall be independent in relation to the company's largest shareholder or group of shareholders who collaborate on the company's management. The CEO or other members of the executive management shall not be a member of the Nomination Committee. Board members can be part of the Nomination Committee but shall not constitute a majority of its members. If more than one board member is included in the Nomination Committee, only one of them may be dependent of the company's major shareholders. The Nomination Committee shall appoint a chairman within the group. The chairman of the Board or other board member shall not be chairman of the Nomination Committee.

    If a member leaves the Nomination Committee before its work is completed and if the Nomination Committee considers that there is a need to replace the member, the Nomination Committee shall appoint a new member in accordance with the principles above, but based on Euroclear Sweden AB's share register as soon as possible after the member left his position. Change in the composition of the Nomination Committee shall be announced immediately.

    If there is a significant change in the company’s ownership structure after the Nomination Committee having been appointed under these principles, but not later than two months prior to the next AGM, and a shareholder, that after this significant change has become one of the three largest shareholders or groups of owners based on number of votes held, expresses a wish to be included in the Nomination Committee, the Nomination Committee shall offer the shareholder to be included in the Nomination Committee, either by resolving that this shareholder shall replace the shareholder in the Nomination Committee who has, after the change of ownership, the smallest stake in the company based on the number of votes, or by resolving that the Nomination Committee should be increased by one member, although in no event to more than seven members.

    If necessary, the company shall be responsible for reasonable costs for the work of the Nomination Committee and the external consultants that the Nomination Committee deems necessary for the Nomination Committee to fulfill its mission.

    The AGM approved the Board’s proposal to authorise the Board to resolve on issues of shares and convertibles
    The AGM resolved to authorise the Board to, within the limits of the articles of association, until the next AGM, on one or more occasions, resolve to issue new shares and/or convertibles. The Board is proposed to be authorised to take decisions to the extent that the company's share capital may be increased by an amount equal to not more than 10 percent of the registered share capital at the time of the 2016 AGM.

    The purpose of the issues shall be to acquire or finance acquisitions of all or parts of companies or businesses, through the issue with or without deviation from the shareholders’ preferential rights, or through payment in kind or by set-off of claims or on other terms. The issues shall be made at market terms less the discount that may be required to achieve sufficient subscription interest.

    The AGM approved for the Board to acquire and dispose of own shares
    The AGM resolved to authorise the Board to, for the period until the next AGM, on one or more occasions, resolve to acquire and/or dispose of the company's shares on the following principal conditions.

    Purchases may be made of so many shares that the company's holding does not exceed 10 percent of all shares of the company. Purchases shall be made on Nasdaq Stockholm at a price within the current registered price interval being the interval between the highest bid and lowest ask price. Payment shall be made in cash.

    Transfer of shares may take place on Nasdaq Stockholm at a price within the current registered price range, and beyond Nasdaq Stockholm, with or without deviation from the shareholders’ preferential rights and with or without provisions in kind or by set-off rights and other conditions, to be used as full or part payment for acquisition of companies or businesses. Transfer may be made of all or part of the company's holding of own shares at the time of the Board's decision.

    The purpose of the authorisation is to enable the Board to adjust and improve the capital structure of the company in order to create increased shareholder value and to dispose of shares in connection with financing of any company and business acquisitions by paying all or part of the purchase price with the company's own shares. In the latter case, the company may, for example, use the shares held in treasury for acquiring a company through the payment of the purchase price and thereby create a greater community of interest between the seller and the company in its future operations, but without the result in a dilution for existing shareholders.

    The AGM approved the proposal regarding guidelines for remuneration to senior executives and officers of the company
    The AGM approved the Board's proposed guidelines for remuneration to the company's CEO and other senior executives as follows. The Board's proposal is broadly consistent with previously applied principles for compensation. The guidelines apply to contracts concluded after the 2016 AGM, or where the compensation subsequently is modified. The Board has not appointed any separate remuneration committee, and questions relation to remuneration and other employment terms are instead managed by the full Board.

    The company shall offer market based conditions to enable the company to recruit and retain skilled personnel. The remuneration shall consist of fixed salary, variable compensation, long-term incentive plan, pension, severance conditions and other customary benefits. Payment is based on the individual's commitment and performance relative to predetermined targets, both individual and joint objectives for the company. Evaluation of individual performance is continuous. The fixed salary, as a rule is evaluated once a year and must take into account the individual's qualitative performance. The fixed salary for the CEO and other senior officers should be competitive. The variable remuneration shall take into account the individual's level of responsibility and degree of influence. The size of the variable compensation is related to the degree of fulfillment of financial targets set by the Board. The variable represents a maximum of 40 percent in addition to fixed salary. All variable remuneration plans have maximum award and vesting limits. The objectives were not met in 2015, hence, no variable compensation will be paid for the financial year 2015. The company has introduced share-incentive program for all staff (including the CEO and other senior executives) to promote the company's long-term interests. The Board shall continually assess whether additional stock option plans or any other form of share or share based incentive program should be proposed to the AGM. The CEO and other senior executives have defined-contribution plans. Retirement age for the CEO and senior executives is at age 65. Retirement benefit is based solely on the budgeted salary. At the CEO’s dismissal, at the termination by the company, six months’ notice and six months’ severance payment apply. Other income received by the CEO during the period of severance payment is paid is deducted from severance payment. Upon termination from the CEO, six months’ notice applies. The company and the other senior executives have a mutual notice period of 3 to 6 months. In the event the company becomes the subject of a public offer which means that at least 30 percent of its shares are held by the same shareholder, the CEO has, at its or the company’s dismissal, the right to a special severance payment equal to 12 fixed monthly salaries at the time of notice of termination. No deductions shall be made from such severance payment, and the payment shall be payable in full upon termination of employment and replaces the grant that the CEO normally is entitled to under his contract.

    The Board has the right to deviate from the guidelines above in the case of individual cases where there are special reasons for this.

    The AGM approved the proposed incentive program 2016/2019 through the issuance of warrants
    The AGM approved the proposed incentive program 2016/2019 through issue of a maximum of 500,000 warrants with deviation from the shareholders’ preferential rights. The increase of the company's share capital at full subscription with the support of all warrants is SEK 50,000, corresponding to a dilution of about 1.0 percent of the total number of shares and votes in the company.

    The warrants, which entitle the holder to subscribe for a new share per warrant in the company during the period from and including 6 May 2019 up to and including 17 May 2019, are issued at a price equal to market value of the warrants, calculated by using the Black & Scholes warrant valuation model as of 20 April 2016, based on a subscription price at the time of exercise of 120 per cent of the average volume weighted price paid for the company’s share on Nasdaq Stockholm during the period from 14 April 2016 up to and including 20 April 2016. The warrants shall be subscribed for during the period from 22 April 2016 up to and including 6 May 2016 on a separate subscription list. The Board shall have the right to extend the subscription period.

    Employees of the company shall be guaranteed allotment of not less than 2,000 warrants per subscriber. After allocation of the guaranteed warrants to the respective subscriber, the remaining warrants are allocated to all subscribers who have subscribed for additional warrants pro rata in proportion to the number of warrants subscribed for. When calculating the pro rata allocation a weighting shall be used, with a maximum of 20,000 warrants per employee, except for employees in the company’s management (17 employees) where the maximum shall be 40,000 warrants per person. It should be noted that the maximum limits only are used in the pro rata calculation and do not constitute an upper limit on the final allotment. Payment for the warrants shall be made in cash not later than 30 May 2016. The Board shall have the right to extend the payment period. Shares subscribed for by the exercise of the warrants will entitle to dividends for the first time on the record date occurring after the execution of the subscription.

    The reason for deviating from the shareholders’ preferential rights is that the company wishes to promote the company’s long term interest by offering a well-balanced incentive program to the company’s employees, giving them an opportunity to take part in a positive development of the company’s value.

    The AGM approved the Board’s proposal to authorise the Board to re-purchase warrants
    The AGM resolved to authorise the Board to, during the period until the next AGM, on one or more occasions resolve to repurchase, at the current market price (which shall be based on the volume weighted average price of the company share for a period of close the period for repurchase), up to 50 percent of the total of 1,500,000 warrants issued as decided by the AGM 2013 (maximum number of warrants that can be repurchased is thus 750,000). The warrants that are subject to the decision entitles its holder to subscribe for new shares in the company for SEK 6.67 per share from 2 May 2016 up to and including 13 May 2016.

    The AGM resolved to authorize the Board to, during the period until the next AGM, on one or more occasions to resolve to repurchase, at the current market price (which shall be based on the volume weighted average price of the company share for a period close to the period for repurchase), up to 50 percent of the total of 1,000,000 warrants issued as decided by the AGM 2014 (maximum number of warrants that can be repurchased is thus 500,000). The warrants that are subject to the decision entitle its holder to subscribe for new shares in the company for SEK 6.41 per share from 8 May 2017 up to and including 19 May 2017.

    A repurchase of the warrants as above shall be conditional upon each individual warrant holder who wish to have warrants repurchased using an equivalent amount of the invested warrants to subscribe for new shares.

    The purpose of the repurchase is to limit the dilution of the company's shares while the warrant holders are offered an opportunity to appreciate the value of the warrant. Repurchased warrants are to be held in the company's custody and expire without being left on.

    The AGM approved the Board’s proposal to approve the merger plan
    The AGM resolved, in accordance with the Board’s proposal, to approve a merger plan between the company and the wholly-owned subsidiaries Formpipe Software Uppsala AB, company reg. no. 556463-9861, Formpipe Software Skellefteå AB, company reg. no. 556601-0087 and Formpipe Software Linköping AB, company reg. no. 556389-0564 (the “Subsidiaries”). The Board of the company has together with the boards of the Subsidiaries resolved on a joint merger plan signed by the boards of each company on 23 February 2015. The merger plan was registered with, and published by, the Swedish Companies Registration Office on 4 March 2015.

    According to the merger plan the company will, as the transferee company, absorb the Subsidiaries. Since the merger is intercompany with the purpose to reduce costs and make the administration more effective, no consideration will be paid in connection with the merger. When the Swedish Companies Registration Office registers the authorisation to implement the merger plan, which is expected to be made in July 2016, the Subsidiaries will be dissolved and their assets and liabilities will be transferred to the company. The purpose with the merger is to simplify the structure of the group and organisation to achieve a more cost-effective management.

    For additional information, contact:
    Christian Sundin, President and CEO of Formpipe, +46 705 67 73 85


    This is a translation of the original Swedish version. In the event of any discrepancies between the two versions, the original Swedish version shall take precedence.

    The information in this press release is of the kind that Formpipe Software AB (publ) is required to disclose in accordance with the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. This information was submitted for publication on Thursday, April 21, 2016.

    Read more
  • Interim report, January - March 2016

    Published on 19 April 2016

    Period January 1 – March 31, 2016

    • Net sales SEK 87,3.1 m (SEK 84.3 m)
    • System revenue SEK 58.1 m (SEK 57.1 m)
    • Recurring revenue, percentage of net sales 51% (50%)
    • EBITDA SEK 16.4 m (SEK 18.6 m)
    • EBITDA margin 18.8% (22.0%)
    • EBIT SEK 2.8 m (SEK 5.9 m)
    • Net profit SEK 1.4 m (SEK 2.2 m)
    • EPS before dilution SEK 0.02 (SEK 0.04)
    • Cash flow from operating activities SEK 12.2 m (SEK 14.4 m)

    For additional information, contact:
    Christian Sundin, President and CEO of Formpipe, +46 705 67 73 85

    For the full report, see attached PDF.


    This is a translation of the original Swedish version. In the event of any discrepancies between the two versions, the original Swedish version shall take precedence.

    The information in this press release is of the kind that Formpipe Software AB (publ) is required to disclose in accordance with the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. This information was submitted for publication on Tuesday, April 19, 2016.

    Read more
  • Formpipe receives order from a German company worth SEK 2.4 million

    Published on 04 April 2016

    Formpipe receives an order on the ECM product Lasernet from a German company. The total order value amounts to SEK 2.4 million over a four year period.

    “We are continuously strengthening our presence in Europe and the knowledge of our offerings regarding input/output management is spreading, especially within the Microsoft Dynamics AX area. We are very happy to announce another new customer in this market and we see a number of business opportunities within this area going forward”, says Christian Sundin, CEO of Formpipe.

    The contract covers a roll out of Lasernet spanning several countries once fully implemented. The product will be used to manage all reporting needs and distribution of business documents.

    The Lasernet solution for AX2012 utilizes the strength of both Microsoft Dynamics AX and Lasernet to deliver solutions for report design, archive and distribution.

    Of the total order value, license revenues of SEK 1.4 million are recorded in first quarter of 2016, while associated revenue will be allocated throughout the contract period.

    For additional information, contact:
    Christian Sundin, President and CEO of Formpipe, +46 705 67 73 85


    This is a translation of the original Swedish version. In the event of any discrepancies between the two versions, the original Swedish version shall take precedence.

    The information in this press release is of the kind that Formpipe Software AB (publ) is required to disclose in accordance with the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. This information was submitted for publication on Monday, April 4, 2016.

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  • Formpipe receives order from a global law firm worth SEK 3.3 million

    Published on 01 April 2016

    Formpipe receives an order on the ECM product Contentworker from a global law firm. The total order value amounts to SEK 3.3 million.

    Contentworker by Formpipe is a product suite built for law firms and corporate legal, offering a matter centric document management solution based on SharePoint.

    Contentworker was chosen after a thorough evaluation of performance and functionality.

    “We are continuously strengthening our presence within the legal market and the knowledge of our Contentworker offerings is spreading. Having a global law firm choosing Contentworker as their strategic document management platform proves that the product is mature and ready for large distributed deployments”, says Christian Sundin, CEO of Formpipe.

    Total license revenues amounts to SEK 2.8 million, whereof SEK 1.4 million have been paid and recognized during the evaluation phase and the remaining SEK 1.4 million are recorded in first quarter of 2016. Associated revenue will be allocated throughout 2016.

    For additional information, contact:
    Christian Sundin, President and CEO of Formpipe, +46 705 67 73 85


    This is a translation of the original Swedish version. In the event of any discrepancies between the two versions, the original Swedish version shall take precedence.

    The information in this press release is of the kind that Formpipe Software AB (publ) is required to disclose in accordance with the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. This information was submitted for publication on Friday, April 1, 2016.

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  • Formpipe Software Publishes 2015 Annual Report

    Published on 30 March 2016

    Today, Wednesday March 30, Formpipe Software AB is publishing its 2015 Annual Report (Swedish) on the company’s web site.

    The English version of the annual report will be published shortly.

    For additional information, contact:
    Christian Sundin, President and CEO of Formpipe, +46 705 67 73 85


    This is a translation of the original Swedish version. In the event of any discrepancies between the two versions, the original Swedish version shall take precedence.

    The information in this press release is of the kind that Formpipe Software AB (publ) is required to disclose in accordance with the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. This information was submitted for publication on Wednesday, March 30, 2016.

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  • Notice of the Annual General Meeting of Formpipe Software AB (publ)

    Published on 21 March 2016

    The shareholders of Formpipe Software AB (publ), company reg. no. 556668- 6605, (the “Company”) are hereby invited to attend the Annual General Meeting (AGM) to be held on Thursday, 21 April 2016, at 15.00 at the Company’s premises at Sveavägen 168, Stockholm.

    Notification of attendance at the AGM

    Shareholders who wish to attend the AGM must:

    • both be registered on Friday, 15 April 2016 in the register of shareholders kept by Euroclear Sweden AB;
    • and notify their intended participation to the Company by post to Formpipe Software AB, Årsstämma 2016, Box 23131, 104 35 Stockholm, by fax to +46 (0)8-555 290 99, by telephone to +46 (0)765-25 77 12 or by e-mail to stamman@formpipe.com, by 16:00 on Friday, 15 April 2016 at the latest.

    The notification shall include name and Swedish personal or company registration number and preferably also address and telephone number. If a shareholder intends to exercise his or her rights through an authorised representative, power of attorney and other documents of authorisation should be enclosed to the notification. Power of attorney forms are available on the Company’s website at www.formpipe.se and can be sent without cost to those shareholders who request this and who state their postal address. If a shareholder wishes to exercise the right to bring along a representative (a maximum of two representatives) to the AGM, such participation must be notified to the Company in accordance with the above. Shareholders whose shares are registered in the name of a nominee must temporarily re-register the shares in their own name with Euroclear Sweden AB in order to be entitled to attend the AGM. Such registration, which normally takes a few days, must be carried out by Friday, 15 April 2016 and should therefore be requested from the nominee in good time before this date.

    For the full Notice of the AGM, dowload PDF below.


    This is a translation of the original Swedish version. In the event of any discrepancies between the two versions, the original Swedish version shall take precedence.

    The information in this press release is of the kind that Formpipe Software AB (publ) is required to disclose in accordance with the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. This information was submitted for publication on Monday, March 21, 2016.

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  • Formpipe receives order from a Danish municipality worth SEK 1.1 million

    Published on 18 March 2016

    Formpipe receives a supplementary order on the ECM product Acadre from a Danish municipality. The total order value amounts to SEK 1.1 million.

    “The need for more efficient administration is driving demand for our ECM products. Our strong position in the public sector offers us greater opportunities when municipalities, county councils, and governmental agencies need to consolidate their information processing to increase efficiency”, says Christian Sundin, CEO of Formpipe.

    Of the total order value, license revenues of SEK 0.5 million are recorded in first quarter of 2016, while associated revenue will be allocated throughout the contract period.

    For additional information, contact:
    Christian Sundin, President and CEO of Formpipe, +46 705 67 73 85


    This is a translation of the original Swedish version. In the event of any discrepancies between the two versions, the original Swedish version shall take precedence.

    The information in this press release is of the kind that Formpipe Software AB (publ) is required to disclose in accordance with the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. This information was submitted for publication on Friday, March 18, 2016.

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  • Interim report, January - December 2015

    Published on 10 February 2016

    Period October 1 – December 31, 2015*

    • Net sales SEK 93.1 m (SEK 86.9 m)
    • System revenue SEK 63.6 m (SEK 64.8 m)
    • EBITDA SEK 21.7 m (SEK 23.7 m)
    • EBITDA margin 23.3 % (27.3 %)
    • EBIT SEK 8.4 m (SEK 11.6 m)
    • Net profit SEK 4.3 m (SEK 6.3 m)
    • EPS before dilution SEK 0.08 (SEK 0.13)
    • Net profit from discontinued operations amounts to SEK -0.0 million (SEK 3.9 million). Payment received from sold discontinued business totaled SEK 3.9 million (- million)
    • Cash flow from operating activities SEK 34.2 m (SEK 41.3 m)
    • The board proposes a dividend of SEK 0.10 per share (-).

    Period January 1 – December 31, 2015*

    • Net sales SEK 349.3 m (SEK 307.0 m)
    • System revenue SEK 236.0 m (SEK 215.7 m)
    • EBITDA SEK 73.7 m (SEK 65.1 m)
    • EBITDA margin 21.1 % (21.2 %)
    • EBIT SEK 19.8 m (SEK 20.4 m)
    • Net profit SEK 9.4 m (SEK 8.2 m)
    • EPS before dilution SEK 0.17 (SEK 0.17)
    • Net profit from discontinued operations amounts to SEK 4.8 million (SEK 9.8 million). Payment received from sold discontinued business totaled SEK 3.9 million (- million)
    • Cash flow from operating activities SEK 68.8 m (SEK 67.0 m)
    • The board proposes a dividend of SEK 0.10 per share (-).

    * Outcome and comparison figures in this report has been adjusted to reflect the remaining operations after the sale of the business area Customer Specific Solutions in Denmark during the fourth quarter. For additional information, see specification in the groups consolidated income statement summary and the note 8 quarters in summary.

    For additional information, contact:
    Christian Sundin, President and CEO of Formpipe, +46 705 67 73 85

    For the full report, see attached PDF.


    This is a translation of the original Swedish version. In the event of any discrepancies between the two versions, the original Swedish version shall take precedence.

    The information in this press release is of the kind that Formpipe Software AB (publ) is required to disclose in accordance with the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. This information was submitted for publication on Wednesday, February 10, 2016.

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  • Supplier applies for a review procedure regarding e-archive procurement

    Published on 02 February 2016

    On January 25, 2016, three Swedish municipalities announced, through a contract award decision, that they intend to sign an agreement with Formpipe regarding a cloud service for archiving, for joint use by the municipalities. This was, in accordance with the Public Procurement Act, followed by a standstill period during which other suppliers could apply for a review procedure at the Administrative Court.

    A supplier has now applied for a review procedure of the procurement and the standstill period will therefore be extended until the administrative court has ruled on the case.

    For additional information, contact:
    Christian Sundin, President and CEO of Formpipe, +46 705 67 73 85


    This is a translation of the original Swedish version. In the event of any discrepancies between the two versions, the original Swedish version shall take precedence.

    The information in this press release is of the kind that Formpipe Software AB (publ) is required to disclose in accordance with the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. This information was submitted for publication on Tuesday, February 2, 2016.

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  • Three Swedish municipalities choose cloud service for archiving from Formpipe

    Published on 25 January 2016

    Three Swedish municipalities announces, through a contract award decision, that they intend to sign an agreement with Formpipe regarding the e-archiving product Long-Term Archive. The order value is estimated to SEK 20 million over an eight-year period.

    The contract award decision regards a four-year contract period, with an option for extension of the contract for another four years. The total price of the tender is for investment in a cloud service for archiving, implementation and connection of several operational systems over an eight-year period, according to the pricing model set by the municipalities in the tender documentation.

    “E-archive solutions are prioritized in Swedish public sector and we can, after several tenders, note that Long-Term Archive is the highest ranked product”, says Christian Sundin, CEO of Formpipe.

    Government agencies, municipalities, county councils, regions and public-owned companies need IT systems to facilitate digital archiving without compromising their accessibility to thousands of documents and cases handled within the organization. The public sector is governed by rules and regulations explicitly saying how this information is to be archived and preserved for the future.

    “We can see a gradual increase in the demand for cloud services. This is positive for us as supplier, the revenues are 100 percent recurring and we know from experience that our customers make long-term investments in our products and increase their use over time”, says Christian Sundin, CEO of Formpipe.

    The contract award decision gives the contract to Formpipe and in accordance with the Public Procurement Act follows a standstill period for 10 days before contract can be signed. During this period, other suppliers may apply for a review procedure at the Administrative Court.

    For additional information, contact:
    Christian Sundin, President and CEO of Formpipe, +46 705 67 73 85



    This is a translation of the original Swedish version. In the event of any discrepancies between the two versions, the original Swedish version shall take precedence.

    The information in this press release is of the kind that Formpipe Software AB (publ) is required to disclose in accordance with the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. This information was submitted for publication on Monday, January 25, 2016.

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  • Formpipe and the City of Stockholm signs agreement

    Published on 20 January 2016

    On January 15, 2016, Formpipe announced, that no application for a review procedure was made regarding Stockholm City’s procurement regarding an ECM system for case and document management and today, Formpipe and the City of Stockholm signed a contract.

    The business value amounts to approximately 50 million over a five year period, of which approximately SEK 25 million consists of systems revenue. The systems revenue will gradually increase during the contract period in step with the ongoing implementation project. After the initial period of the contract the City of Stockholm have the option to further extend the contract for 15 years.

    “The City of Stockholm placed high demands in this procurement and we are very proud to receive this opportunity for a long-term cooperation with Sweden's largest city. We have over the years established stable and long-standing customer relations and we know that those who choose us as a supplier, in most cases continues to invest in our products and solutions. We estimate that the deal with Stockholm has great potential, beyond the initial business value”, says Christian Sundin, CEO of Formpipe.

    Formpipe will provide a city-wide solution for case and document management that will be used to guide and support the city's overall approach to information management. Formpipe had the best overall offering in the evaluation made by the Stockholm, an evaluation comparing prices and qualitative values of tenders.

    “I would like to highlight the evaluation regarding usability where we received a top rating of 4.47 on a five-point scale”, says Christian Sundin, CEO of Formpipe.

    The implementation of a joint system and methods for information management is, according to Stockholm, in line both with the city's IT Program for digital innovation and with their long-term vision. Collaboration and information sharing between different parts of the business, with other authorities and organizations, and providing consistent service to citizens, businesses and visitors, are important parts of the digital renewal in the city.

    “After extensive procurement efforts, we are now very pleased to be able to move on to the next stage in the work with a joint overall solution for case and document management. This will further help us reach our goal to be a leader in eGovernment and by extension, to be a city with smart solutions for both our citizens and employees. This is an important step in creating enhanced digital work tools for employees and improved transparency and service for citizens, businesses and visitors”, says Lennart Ploom, City Archivist and project manager at Stockholm City.

    For additional information, Contact:
    Christian Sundin, President and CEO of Formpipe, +46 705 67 73 85


    This is a translation of the original Swedish version. In the event of any discrepancies between the two versions, the original Swedish version shall take precedence.

    The information in this press release is of the kind that Formpipe Software AB (publ) is required to disclose in accordance with the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. This information was submitted for publication on Wednesday, January 20, 2016.

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  • No application for a review procedure regarding Stockholm City’s procurement

    Published on 15 January 2016

    On January 4, 2016, the City of Stockholm announced, through a contract award decision, that it intends to sign an agreement with Formpipe regarding an ECM system for case and document management for joint use by the City and the city's companies and foundations. This was, in accordance with the Public Procurement Act, followed by a standstill period during which other suppliers could apply for a review procedure at the Administrative Court.

    The standstill period is over and, according to the Administrative Court, no application for a review procedure has been made. Thereby Formpipe and the city will sign the agreement in the near future.

    For additional information, contact:
    Christian Sundin, President and CEO of Formpipe, +46 705 67 73 85


    This is a translation of the original Swedish version. In the event of any discrepancies between the two versions, the original Swedish version shall take precedence.

    The information in this press release is of the kind that Formpipe Software AB (publ) is required to disclose in accordance with the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. This information was submitted for publication on Friday, January 15, 2016.

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  • Formpipe gets contract award decision from the City of Stockholm

    Published on 04 January 2016

    The City of Stockholm announces, through a contract award decision, that it intends to sign an agreement with Formpipe regarding the ECM product Platina. The business value amounts to approximately 50 million over a five year period, of which approximately SEK 25 million consists of systems revenue.

    The contract regards an ECM system for case and document management for joint use by the City and the city's companies.

    The contract award decision gives the contract to Formpipe and in accordance with the Public Procurement Act follows a standstill period for 10 days before contract can be signed. During this period, other suppliers may apply for a review procedure at the Administrative Court.

    In light of the significant business value Formpipe consider it of special urgency to publish the information. Therefore, the information is brief and a more detailed description of the deal will be made public after the standstill period.

    For additional information, contact:
    Christian Sundin, President and CEO of Formpipe, +46 705 67 73 85


    This is a translation of the original Swedish version. In the event of any discrepancies between the two versions, the original Swedish version shall take precedence.

    The information in this press release is of the kind that Formpipe Software AB (publ) is required to disclose in accordance with the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. This information was submitted for publication on Monday, Januari 4, 2016.

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